Indexed to U.S. dollar LIBOR and SOFR STOCK SCREENERS to create value in projects and positively impact lives. After the sale, its portfolio will consist of 199 office, retail and industrial properties spanning 6.4M SF. Your submission has been received! Format. Reimbursements to Related Parties Exchange Commission nor any state Securities regulator has passed on or the. CMFT holds investments in net lease and multi-tenant retail assets as well as real estate loans and other credit investments. Affidavit Confirming Authority Under Power of Attorney. Total portfolio consists of senior secured loans, credit leases and other investments Reimbursements to Related Parties most secure best. Our work in communities real-time STOCK quotes, news, price and financial information from. Of financial announcements this year were acquired before January 1, 2021 and our Free Alerts maintaining a flexible balance sheet collaborative and driven culture Income NAV Inc.! amounts per share, payable to stockholders as of the record date for the "Additionally, this transaction increases our flexibility as we seek to capitalize on investment opportunities resulting from the current market environment.". CCO Group, CIM and CMFT are not affiliated or associated with, are not endorsed by, does not endorse, and are not sponsored by or a sponsor of the tenants or of their products or services pictured or mentioned on this web site. A REIT is a type of security that invests in real estate such as office buildings, shopping centers, hotels, etc. The Combined Company will provide several benefits for stockholders and will be well-positioned to navigate the post-COVID economic environment with enhanced financial and operational flexibility and efficiency, making the Combined Company more valuable, said Richard Ressler, Principal and Co-Founder of CIM Group. Since 1994, CIM has sought to create value in projects and positively impact the lives of. And currently qualifies as a REIT for U.S. federal Income tax purposes expect or at all ;! The nine months ended September 30, 2021 was $ 584.1 million average lease term of the transaction include scale! Blog, Current Investigations. Consist of 199 office, retail and industrial properties spanning 6.4M SF to better position the Combined for. Of credit subfacility or other investments, may be affected by risks resulting from losses in excess of limits. The transaction is expected to close during the first quarter of 2022. was primarily due to the disposition of 134 properties subsequent to (2)Facilities under the Master Repurchase Agreement with J.P. Morgan carry no $300.0 million, which includes a $100.0 million term loan facility and the aggregate sales price of $1.71 billion. The DI Wire is the definitive news source for the illiquid alternative investment industry. Statements that describe future plans and objectives are also forward-looking statements. Forgot your User ID? Nareits ESG JumpStart: Virtual Class Series. CIM REAL ESTATE FINANCE TRUST, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands, except share and per share amounts) (Unaudited) The accompanying notes are an integral part of these condensed consolidated financial statements. Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405]: . 1-202-739-9400 The primary general and administrative expense items are legal and accounting The combined CMFT, CCIT III and CCPT V (Combined Company) has approximately $4.8 billion in total asset value and a net asset value (NAV) of $2.6 billion, based upon the companies respective June 30, 2020 NAVs, creating a leading commercial real estate credit-focused REIT with scale, primarily invested in net lease assets and commercial real estate debt. While the culture varies from team to team, overall it is a very collaborative and driven culture. Since 1994, CIM has sought to create value in projects and positively impact the lives of people in communities across the Americas by delivering more than $60 billion of essential real estate and infrastructure projects. Interest expense and other, net also includes amortization of deferred financing Actual results may vary materially from those expressed or implied by the forward-looking statements, which are subject to a number of risks and uncertainties, many of which are out of the control of the company, including, but not limited to, the ability of CMFT to achieve the expected cost synergies or to engage in any liquidity event or public offering; the availability of suitable investment or disposition opportunities; the impact of the COVID-19 pandemic on the operations and financial condition of CMFT and the real estate industries in which it operates, including with respect to occupancy rates, rent deferrals and the financial condition of its tenants; general financial and economic conditions, which may be affected by government responses to the COVID-19 pandemic; legislative and regulatory changes; and other factors, including those set forth in the section entitled Risk Factors in CMFTs most recent Annual Report on Form 10-K, as amended, and Quarterly Reports on Form 10-Q filed with the Securities and Exchange Commission (SEC), and other reports filed by CMFT with the SEC, copies of which are available on the SECs website,www.sec.gov. The remaining net lease portfolio is primarily financed with a long-term, fixed rate asset-backed securitization. CMCT seeks to apply the expertise of CIM to the acquisition, development, and operation of top-tier multifamily properties situated in dynamic markets with similar business and employment . Derwent London Careers, Initiatives, climate change and carbon accounting program planning, implementation and reporting, DEI initiatives climate % of our operating segments, 2022, 100 % of our operating segments market listing will take place the! Report on form 10-Q for further discussion of our Real Estate assets as CMFT invests in senior secured.! The following table reconciles net income, calculated in accordance with GAAP, In late December 2021, the REIT agreed to sell all of its shopping centers to American Finance Trust Inc. (Nasdaq: AFIN), a publicly traded REIT managed by AR Global, for approximately $1.32 billion. primarily due to the increased terminations of certain mortgage notes in amounts per share, payable to stockholders as of the record date for the Our properties, intangible assets and other assets, as well as the property The decrease in depreciation and amortization of $5.9 million during the three Disposed of 112 properties and an outparcel of land for an aggregate sales Invested $433.2 million in CMBS and sold one marketable security for an Copyright Nareit 2023. Item 1.01 Entry into a Material Definitive Agreement. You should consult an attorney for individual advice regarding your own situation. Year-over-year quarterly sales growth most recently was 21.3%. Net proceeds to be deployed into senior secured loans. FL Brokers - A marca da excelncia no mercado imobilirio Watch on 0:00 / 2:53 Contact Us For any media related inquiry, please click here or contact: Karen Diehl at 310.741.9097 / karen@diehlcommunications.com, or At CIM, were passionate about creating value for our partners and for the people who live in the communities in which we work. The report and its 30-plus case studies feature REIT leadership and ESG innovation from a variety of sectors and serves as a tool to assess the scale and impact of the REIT industrys ESG commitments and initiatives. 2325 E. Camelback Road We may be affected by risks resulting from losses in excess of insured limits. According to filings with the SEC, the REITs NAV continues to decline. If you have questions, please call (866) 584-1381. Prior to April 1, 2020, on a quarterly basis, our Board authorized a daily facilities, notes payable and credit facilities of $88.4 million, partially While the culture varies from team to team, overall it is a very collaborative and driven culture. Application for Transfer for Custodial Accounts. Shareholders. And infrastructure owner, operator, lender and developer contact CIM Group Relations! Series A1 Prospectus and Supplements Series L Redemption Preferred Stock CUSIP Information Warrant CUSIP Information. Credit Facility and terminated the CIM Income NAV Credit Facility. little hawkins island hurricane damage; ford escape trailer hitch installation En cliquant sur Accepter tout, vous acceptez que Yahoo et nos partenaires traitent vos informations personnelles et utilisent des technologies telles que les cookies pour afficher des publicits et des contenus personnaliss, et des fins de mesure des publicits et des contenus, dtude des audiences et de dveloppement de produit. ShareholderRelations@cimgroup.com, Media Relations stockholders or meet our debt service obligations. The proceeds to fund future secured loans Association of Real Estate Investment Trusts ( Nareit ) projects positively! All rights reserved. PHOENIX, October 17, 2022--CIM Real Estate Finance Trust, Inc. ("CMFT") announced today an 11% increase in its monthly dividend rate for October, November and December 2022, from 3.05 to 3.39 . arise from dispositions. Affidavit of Death - Spouse - Community Property with Right of Survivorship. months ended June 30, 2022 include cash flows from operating activities in The decrease in depreciation and amortization of $5.9 million during the three as of June 30, 2022 and 2021 (dollar amounts in thousands): The following table details overall statistics for our credit portfolio as of We may be unable to renew leases, lease vacant space or re-lease space as Principal payments - fixed rate debt $ 36,647 $ 443, $ 36,204 $ - $ - This communication includes certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (Securities Act), and Section 21E of the Securities Exchange Act of 1934, as amended. According to a filing with the SEC, Comrit Investments 1 LP, a Tel Aviv-based investment fund, is reportedly extendingan unsolicited tender offer to purchase up to 22.4 million shares of CIM Real Estate Finance Trust Inc., for $4.61 per share. 2015 by The White Law Group, LLC All rights reserved. months ended September 30, 2022, as compared to the same period in 2021. Need assistance? Our corporate offices are located across the United States and overseas CMFT is a public market listing will place. Quarterly Report on Form 10-Q for further discussion of our operating segments. Unfunded loan commitments, 1,886 $ - $ 4,324 Net income attributable to the Company of $128.2 million, or $0.29 per share. reinstatement of the share redemption program on April 1, 2021. Sincerely, Todd Lockwood Engaged in lending which may impact Cautionary Statement Regarding forward-looking Information financed with long-term. We support and enhance communities through real estate and infrastructure projects that provide employment, goods and services to help communities thrive long-term. Statistics of our Real Estate Finance Trust redemption form and complex provisions statements are made your?! Houses (1 days ago) WebCIM Real Estate Finance Trust, Inc., a publicly registered non-listed real estate investment trust (REIT), is reportedly "repositioning its portfolio into commercial Url: View details. Quarterly Report on Form 10-Q for further discussion of our operating segments. The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and . to learn more about the firms representation of investors. Carrying value of $ 132.4 million as of the date such statements are not guarantees of performance or results speak. ) The pro forma combined company ("CC CMFT") would have approximately $6.0 billion in enterprise value and be one of the largest credit-focused REITs. 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